Microsoft has presented a ground-breaking quantum computing technology that has the potential to transform the future of Bitcoin and cryptography.
The discovery of a novel state of matter known as a 'topological superconductor' by Microsoft could reduce error rates in quantum computing by a factor of 1,000, thus bringing utility-scale quantum computing closer.
If Microsoft's quantum leap continues, algorithms such as Shor's and Grover's could potentially crack Bitcoin's encryption, posing a threat to its security in the next decade.
Microsoft aims to construct a fully operational quantum computing system by 2030, but the crypto community is already looking into quantum-resistant encryption methods to protect digital assets in the future.